As soon as you drive your brand new car out of showroom, its value starts decreasing. What’s the reason for such fast depreciation?
In: Economics
At what price is one willing to buy a used vehicle instead of a new one? When interest rate on loan is higher, when warranty coverage is less, and what is wrong that it’s for sale again? And a dealer is going to offer wholesale because they have expenses and profits to cover in a sale. Maybe you could get more selling by yourself instead of trading in, but how many buyers have the cash to buy an almost new vehicle and are willing to buy off Facebook Marketplace, etc?
Latest Answers